Homegrown financial technology startup NextPay, which previously secured financial backing from Filipino billionaires, is seeking to raise fresh funds this year after hitting the ₱1-billion mark in transaction volume last year
In a statement Tuesday, NextPay said it is eyeing to launch fundraising activities within the first semester as it hopes to keep the strong momentum witnessed in 2021. The firm did not disclose its fundraising target.
Tan said proceeds from the new funding round would be used to expand its offerings and"explore high-growth areas of trade financing, corporate cards, and cryptocurrency services".
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